Whatever doesn't kill him makes him stronger.

Bank of America Corp. cut Chief Executive Officer Brian T. Moynihan’s pay 7.1 percent for last year to $13 million after profit dropped by more than half. Moynihan got $11.5 million in stock grants, the company said Tuesday in a regulatory filing. The board left his salary unchanged at $1.5 million and he received no cash bonus, a person with knowledge of the decisions said, asking not to be identified because the figures weren’t announced.

BofA Board Cuts CEO Moynihan’s Pay 7.1% to $13 Million [Bloomberg]